CCC Intelligent Solutions Q3 revenue up 11% to $221.1M; adjusted EBITDA up 19% to $92.9M

CCC Intelligent Solutions Holdings Inc.

2023-Q3 EPS reported -$0.19 revenue$637,777,000

Revenue $221.1M (+11% YoY); adjusted gross margin 78%; adjusted EBITDA $92.9M (+19% YoY, margin 42%).
GAAP net loss $21.2M vs net income $9.8M in Q3 2022; adjusted net income $57.2M (+23% YoY).
Operating cash flow $60.5M, free cash flow $46.4M, up from $30.8M and $17.4M a year ago.
Cash and equivalents $448.7M, total debt $786.0M as of Sep 30, 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

CCC Intelligent Solutions Holdings Inc. reported three months ended September 30, 2023 results: revenue $221.1 million, net income GAAP net loss was $21.2 million.

Period: three months ended September 30, 2023
Revenue: $221.1 million
Net income: GAAP net loss was $21.2 million
Result: reported results

Exact text from the filing

innovation velocity and balanced growth algorithm reinforce our confidence in our long-term growth outlook.” Third Quarter 2023 Financial Highlights Revenue • Total revenue was $221.1 million for the third quarter of 2023, an increase of 11% from $198.7 million for the third quarter of 2022. Profitability • GAAP gross profit was $163.1 million, representing a gross

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Source: SEC EDGAR

accession 0000950170-23-059405

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